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home / news releases / NVCR - Why Novocure Tanked on Thursday


NVCR - Why Novocure Tanked on Thursday

Quarterly earnings aren't providing much of a cure for Novocure (NASDAQ: NVCR) . The company, which concentrates on novel cancer-fighting solutions, saw its stock dive by almost 10% on Thursday following the publication of its latest set of results.

In Q2, Novocure took in $133.5 million in revenue, 15% higher than in the same quarter last year. On the bottom line, however, it flipped to a loss of $14.6 million ($0.14) from the $1.7 million net profit of Q2 2020.

Image source: Getty Images.

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Why Novocure Tanked on Thursday
Stock Information

Company Name: NovoCure Limited
Stock Symbol: NVCR
Market: NASDAQ
Website: novocure.com

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